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Citibank Nigeria is a subsidiary of Citigroup Inc., an American multinational investment bank and financial services corporation headquartered in New York City. Ranked 30th among the Fortune 500 businesses, the Citigroup has over 200 million customer accounts and an expansive network footprint that stretches into over 160 countries. The company employs 214,000 employees worldwide, a number that used to be 357,000 before the financial crisis of 2007-2008.
Citibank Nigeria was formed in 2008 when the Nigeria International Bank announced that going forward, it would operate under the new name that was Citibank Nigeria Limited. The then Chairman of Citibank Nigeria, C.S. Sankey termed the change of name as an attempt to promote synergy and allow the bank to fully leverage the powerful equity of its global brand, ‘Citi’.